Housing supply and demand is always a hot topic in London, with many London districts suffering a massive shortage of property. To put this in context, London’s population is expected to grow from 8.3 million to 11 million by 2050. However, several London locations are scheduled to undergo large scale expansion of the property market over the next decade.
The new homes are part of the government’s Housing Zone programme, which is designed to provide 51,000 new homes in London (and 200,000 nationwide). Housing expansion on this scale offers opportunities as well as risks to property investors, so here’s an update on where these new homes are expected to be:
Abbey Wood, Plumstead and Thamesmead, London Borough of Greenwich, 1,512 properties.
Abbey Wood and South Thamesmead, Bexley, 1,314 properties. Crossrail will serve Abbey Wood from 2018.
Alperton, Brent, 3,213 properties.
Barking, Barking & Dagenham, 2,295 properties plus a new London Overground station.
Clapham Junction to Battersea Riverside, Wandsworth, 5,356 properties.
Edgware Road, Westminster, 1,113 properties.
Heart of Harrow, Harrow, 5,294 properties.
Hounslow Town Centre, Hounslow, 3,478 properties.
Ilford, Redbridge, 2,200 properties. Also to be served by Crossrail from 2018.
Meridian Water, Enfield, 3,650 properties, with a new railway station offering direct access into central London.
New Bermondsey, Lewisham, 2,372 properties, with a new station on the London Overground.
Poplar Riverside, Tower Hamlets, 3,034 properties.
Rainham and Beam Park, Havering, 3,457 properties in a new garden suburb, with a new railway station providing a 20 minute journey time into central London.
Southall, Ealing, 4,345 properties. Crossrail will serve here from 2018.
Sutton Town Centre and Hackbridge, Sutton, 1,600 properties.
Tottenham, Haringey, 1,956 properties.
Wembley, Brent, 2,380 properties.
Blackhorse Lane, Waltham Forest, 2,477 properties.
If you are interested in London property investment opportunities you might also find this Insider report useful: 15 London Property Investment Locations To Watch
For a briefing on Housing Zones outside London please see this report: Housing Zones: What Investors Must Know